BUS 201 COMPREHENSIVE EXAM UPDATED QUESTIONS
AND SOLUTIONS GRADED A+
✔✔Which of the following is true of pursuing sustainability? - ✔✔Increases retention of
employees who care about the environment.
✔✔Which of the following refers to a business philosophy where a business does "well"
(is successful financially) by doing "good" (helping others and the environment)? -
✔✔Enlightened Self-interest
✔✔The learning curve on sustainable business practice can be long and hard and it
often entails significant risks and uncertainty. - ✔✔True
✔✔The contribution that a company makes to society through its core business
activities, its social investment and philanthropy programs, and, its engagement in
public policy is known as what? Please be sure and spell these two words correctly. -
✔✔corporate citizenship
✔✔In the Michael Porter video we watched this week, Porter's premise is that Business
has roll to play in Sustainability. - ✔✔True
✔✔Scott Denning believes that Climate Change is: - ✔✔Simple, Serious, and Solvable
✔✔Dean postulated that the business understanding of Sustainability, much like Calvin
and Hobb's Cardboard Box, has transmogrified to mean more than just financial
stability. - ✔✔True
✔✔Stakeholder Management is the business practice (that is one part art, on part
psychology, and one part science) that the PR and Marketing Departments use to
handle difficult customers, manage unreasonable demands by 3rd parties, while moving
the company forward towards its strategic goals, no matter what outside stakeholders
think the company should be pursuing. - ✔✔False
✔✔Which of the following involves owners, employees and customers, identifying what
is in their collective interest? And, which author person is best known for this theory?
Choose the two answers which are correct. - ✔✔Stakeholder engagement
R. Edward Freeman
✔✔According to Porter, When a firm sustains profits that exceed the average for its
industry, the firm is said to possess a _______________ over its rivals? -
✔✔competitive advantage
, ✔✔In our third installment of Scott Denning's "Simple, Serious, and Solvable", Scott
made the point that solving the issues of climate change are tantamount to previous
generations ability to solve various infrastructure problems. - ✔✔True
✔✔According the Milton Friedman video snippet we watched, which of the below has
been the most effective means to lift people out of poverty? - ✔✔Capitalism
✔✔According the Edward Freeman snippet we watched, what "really makes Capitalism
tick..."? - ✔✔When entrepreneurs, managers, and business leaders Companies engage
with a set of their stakeholders to align and advance their mutual interests
✔✔In class we discussed engaging and listening to stakeholders. What are the three
possible responses that Dean said were appropriate? - ✔✔Listen and disagree / do not
comply
Listen and agree / comply / "obey"
Listen and morph
✔✔This week we took Porter's Competitive Advantage, threw it into the Box of
Transmogrification marked "Sustainability". Dean said that he sees three concepts
emerge from this morphing. Which of the below three are they? - ✔✔Tension of the P's:
while one P is not necessarily the most important, they all must be held in tension and
strategically pursued at appropriate times.
Sustainability Supports all three P's: Sustainability is most often thought of as an
"environmental action", however, sustainability initiatives can help businesses with the
other two P's as well.
Choosing Sustainability actions: while we didn't cover this in depth, considering
Competitive Advantage can help us choose what Sustainable Initiative (SI) to pursue.
✔✔Even though climate change is Serious, since it is Simple, it is going to be easy to
Solve. - ✔✔False
✔✔In class we voted on the "most important P" and made a case why one of these
three is the most important one, namely: PROFIT. Without the lifeblood of profit a
business cannot fund sustainability efforts of either people or profit. Profit is the most
important P of them all. - ✔✔False
✔✔This week's video, which of the following redefines "sustainable Capitalism" as when
a company takes into consideration being Purpose driven, intentional Leadership,
considering Stakeholders, while also keeping in mind Culture? - ✔✔Conscious
Capitalism
✔✔Which of the following is a written document, formal or informal, that describes a
company's values and efforts as it pertains to its impacts on people? - ✔✔Corporate
Social Responsibility
AND SOLUTIONS GRADED A+
✔✔Which of the following is true of pursuing sustainability? - ✔✔Increases retention of
employees who care about the environment.
✔✔Which of the following refers to a business philosophy where a business does "well"
(is successful financially) by doing "good" (helping others and the environment)? -
✔✔Enlightened Self-interest
✔✔The learning curve on sustainable business practice can be long and hard and it
often entails significant risks and uncertainty. - ✔✔True
✔✔The contribution that a company makes to society through its core business
activities, its social investment and philanthropy programs, and, its engagement in
public policy is known as what? Please be sure and spell these two words correctly. -
✔✔corporate citizenship
✔✔In the Michael Porter video we watched this week, Porter's premise is that Business
has roll to play in Sustainability. - ✔✔True
✔✔Scott Denning believes that Climate Change is: - ✔✔Simple, Serious, and Solvable
✔✔Dean postulated that the business understanding of Sustainability, much like Calvin
and Hobb's Cardboard Box, has transmogrified to mean more than just financial
stability. - ✔✔True
✔✔Stakeholder Management is the business practice (that is one part art, on part
psychology, and one part science) that the PR and Marketing Departments use to
handle difficult customers, manage unreasonable demands by 3rd parties, while moving
the company forward towards its strategic goals, no matter what outside stakeholders
think the company should be pursuing. - ✔✔False
✔✔Which of the following involves owners, employees and customers, identifying what
is in their collective interest? And, which author person is best known for this theory?
Choose the two answers which are correct. - ✔✔Stakeholder engagement
R. Edward Freeman
✔✔According to Porter, When a firm sustains profits that exceed the average for its
industry, the firm is said to possess a _______________ over its rivals? -
✔✔competitive advantage
, ✔✔In our third installment of Scott Denning's "Simple, Serious, and Solvable", Scott
made the point that solving the issues of climate change are tantamount to previous
generations ability to solve various infrastructure problems. - ✔✔True
✔✔According the Milton Friedman video snippet we watched, which of the below has
been the most effective means to lift people out of poverty? - ✔✔Capitalism
✔✔According the Edward Freeman snippet we watched, what "really makes Capitalism
tick..."? - ✔✔When entrepreneurs, managers, and business leaders Companies engage
with a set of their stakeholders to align and advance their mutual interests
✔✔In class we discussed engaging and listening to stakeholders. What are the three
possible responses that Dean said were appropriate? - ✔✔Listen and disagree / do not
comply
Listen and agree / comply / "obey"
Listen and morph
✔✔This week we took Porter's Competitive Advantage, threw it into the Box of
Transmogrification marked "Sustainability". Dean said that he sees three concepts
emerge from this morphing. Which of the below three are they? - ✔✔Tension of the P's:
while one P is not necessarily the most important, they all must be held in tension and
strategically pursued at appropriate times.
Sustainability Supports all three P's: Sustainability is most often thought of as an
"environmental action", however, sustainability initiatives can help businesses with the
other two P's as well.
Choosing Sustainability actions: while we didn't cover this in depth, considering
Competitive Advantage can help us choose what Sustainable Initiative (SI) to pursue.
✔✔Even though climate change is Serious, since it is Simple, it is going to be easy to
Solve. - ✔✔False
✔✔In class we voted on the "most important P" and made a case why one of these
three is the most important one, namely: PROFIT. Without the lifeblood of profit a
business cannot fund sustainability efforts of either people or profit. Profit is the most
important P of them all. - ✔✔False
✔✔This week's video, which of the following redefines "sustainable Capitalism" as when
a company takes into consideration being Purpose driven, intentional Leadership,
considering Stakeholders, while also keeping in mind Culture? - ✔✔Conscious
Capitalism
✔✔Which of the following is a written document, formal or informal, that describes a
company's values and efforts as it pertains to its impacts on people? - ✔✔Corporate
Social Responsibility
